If true, such horse-trading wasn’t public during the bill’s negotiations.
Still, Trump said that “every time I want to do it they offer me things that are much more valuable than carried interest. It’s not -- it’s not that much money.”
The Joint Committee on Taxation estimated in 2015 that the tax break cost $15.6 billion over a decade.
But another JCT study in 2007 cited a 2006 independent study showing that managers of more than 1,000 private equity funds alone reaped a net carry of $78 billion over 1991 to 2004.
This article was provided by Bloomberg News.